What Is Biconomy?
Biconomy is a relayer infrastructure network and a transaction superhighway for Web 3.0designed to reduce friction between blockchain applications and end-users. Thus, the startup is helping blockchain developers simplify the onboarding and transaction experience for Web 3.0 projects. The Biconomy team is focused on improving the user experience of decentralized applications to make it easier to work with Web 3.0, which will possibly lead to mass adoption of the product.
Roadmap
2019
- Q2/2019: Established Biconomy.
- Q3/2019: Provide security for Polygon.
- Q4/2019: Launched GasLess Alpha version.
Year 2020
- Q1/2020: Searching for accelerator funds for the initial development of Biconomy.
- Q2/2020: Beta version is launched on Ethereum blockchain.
- Q3/2020: Mainnet launch on Pylogon, Binance Smart Chain, xDai.
- Q4/2020: Raised $1.5m in strategic support.
Year 2021
- Q1/2021: More than 30 apps integrated, 290,000 transactions on mainnet, 7.8 million API Calls (requires support for bridging between clients – Dapps and servers- Biconomy).
- Q2/2021: Raised $9M for private round, 3.69 million transactions on mainnet, 54.29 million API Calls.
- Q3/2021: Launch of Hyphen, 8 million mainnet transactions and 120 million API calls.
Biconomy Token Economy
1. Network Fees
BICO is the native token of the Biconomy blockchain. The Biconomy blockchain will act as a settlement and verification layer for all the activity on the Biconomy Network across all supported chains. The node operators pay a transaction fee in BICO to add any information on the chain and they earn BICO proportional to the work they perform on the network.
2. Stakeholder Incentives
See more on https://idodar.com/listing/biconomy-bico/
